That’s unlikely to satiate concerned bondholders who are itching to see the cash after the US Treasury closed a loophole that previously allowed American banks and individuals to accept such payments.
Russia said last week it met its obligation on the bond payments by transferring the money to the National Settlement Depository, or NSD, the main central securities depository in Moscow. That could allow the country to potentially avoid a default situation tied to these payments, even if they don’t reach bondholders.The transfer to NSD came just days before a temporary exemption for US bondholders to receive Russian bond payments. Without the carve-out, US individuals are barred from accepting debt payments from Russia’s government.